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Compute thejNAV for the following three mutual funds: a . Fund A is a portfolio worth $ 1 2 million that has liabilities of $

Compute thejNAV for the following three mutual funds:
a. Fund A is a portfolio worth $12 million that has liabilities of $2 million and 500,000 shares outstanding.
b. Fund B is a portfolio worth $33 million with liabilities of $6 million and outstanding shares of 850,000.
c. Fund C is a portfolio worth $1.6 billion that has liabilities of $22 million and outstanding shares of 12.8 million.
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